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Jul 27, 2020 The National Petroleum Agency (ANP) launched this Monday (27) a new dynamic panel with information on decommissioning of facilities in Brazil. For this year, the tool has an estimated investment of R $ 5.5 billion in activities to deactivate oil and gas fields in the country. Most of these resources will... Continue Reading →
Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 billion charge and revenue drop of some 35 per cent. The loss of $2.47 per share compares with profit of 35 cents per share same time last year. Continue reading
2Q20 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE Rio de Janeiro, July 23, 2020 – Petro Rio S.A. [B3: PRIO3] announces 2Q20 Earnings Release Conference Call schedule: 2Q20 EARNINGS RELEASE August 03, 2020 (after market hours) All information will be available on our website (ri.petroriosa.com.br/en/) CONFERENCE CALL WILL BE HELD IN PORTUGUESE WITH SIMULTANEOUS TRANSLATION... Continue Reading →
Global oil and gas project sanctioning is set for a monstrous 75% plus drop in 2020 from 2019 levels, as the Covid-19 pandemic has led to massive E&P spending cuts, the energy intelligence company Rystad Energy has estimated. According to Rystad Energy, the total sanctioning value will end up at around $47 billion, an amount... Continue Reading →
Norwegian oil and gas giant Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 pandemic and low oil prices. Equinor on Friday reports adjusted earnings of $0.35 billion, down from $3.15 billion in the same period in 2019 Adjusted earnings after tax were $0.65 billion... Continue Reading →
Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus loss of $2 million in Q2 2019. Revenues for the quarter fell at $7.5 million from $14.5 million same time last year. Continue... Continue Reading →
The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90 million. This result compares against loss of $49 million, or 14 cents per share on $192 million revenues in the prior-year quarter. The company also booked quarterly impairment and loss on sale of non-current assets and... Continue Reading →
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit of $5.5 million, or 4 cents per diluted share, for the second quarter of 2020 compared to $16.8 million profit for the same period in 2019. Sequentially, Helix swung back to black from $11.9 million loss or 9 cents per diluted share. Second... Continue Reading →
Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets on Thursday as it revised down unusually high expectations for oil and gas prices over the next 30 years. The demand-sapping COVID-19 crisis has piled pressure on a sector already battered by oil prices dragged down by... Continue Reading →
Some oilfield services providers struggling to find work due to the oil industry downturn might replace some of the revenue by providing services in the renewable energy markets. For those in the SURF, maintenance, construction, and installation segments, the opportunities are especially ample, Norway-based energy intelligence firm Rystad Energy said. "Hit by the Covid-19 downturn,... Continue Reading →
Brazil Energy Insight 